Solar Fabrik to buy German PV module factory from Centrosolar

Jul 9, 2014 - German photovoltaics (PVs) maker Solar-Fabrik AG (ETR:SFX) said yesterday it will acquire the module factory in Wismar currently owned by Sonnenstromfabrik GmbH, part of bankrupt peer Centrosolar Group AG.

Through this move, Solar Fabrik will boost its total annual production capacity in Freiburg and Wismar to over 300 MW.

As part of the deal, Solar Fabrik will provide jobs for 143 of the plant’s current employees. It plans to continue module production using the available equipment. Moreover, Solar Fabrik will have the right to manufacture all of Centrosolar’s original module types.

Following the purchase, Solar Fabrik will manage its Wismar activities via a new wholly-owned unit. Sonnenstromfabrik’s long-term managing director, Ralf Hennigs, will become part of the new firm once the plant acquisition takes effect on August 1, 2014.

Late last month, sector player Solarwatt GmbH said it had agreed to buy the Benelux- and France-based units of Centrosolar. At the start of June, the latter announced it would sell its mounting systems manufacturing unit Renusol GmbH to US solar racking provider RBI Solar Inc.

Once the insolvent group’s restructuring is completed, it will continue its business only through US subsidiary Centrosolar America Inc.

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